European stocks started on a dull note as banking stocks fell

[gnutrade.satya]

European shares like CAC , FTSE and DAX started its day in a very dull mood as banking stocks fell on investor concerns over how Greece would finance its debt as talks to hammer out details of a potential aid plan began. Giuseppe-Guido Amato, strategist at Lang & Schwarz in Frankfurt said: "The equity markets problems (weakness today) are really because of the sovereign debt concerns and the political discussions surrounding it .. there is still uncertainty. US company earnings have been good, but investors are still staying on the sideline."
Britain's top share FTSE index ended down on Wednesday as lower commodity prices hit miners and oil stocks. Peter Dixon, economist at Commerzbank said: "Equity sentiment generally remains fairly volatile and I think it's going to stay that way for a couple of weeks because the markets really need something big to latch onto to give them a trend, and unfortunately right now there doesn't seem to be anything."
Britain's FTSE 100 ended the day 1 percent lower.